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Post by Franko10 ™ on Jan 28, 2005 23:07:29 GMT -5
Casavant Mining Kimberlite International Announces Initial Report on Exploration Project at Fort a la Corne
Business Wire, April 21, 2003
Business Editors
LAS VEGAS--(BUSINESS WIRE)--April 21, 2003
Casavant Mining Kimberlite International, Las Vegas (OTCBB:CMKM), management is pleased to announce that an exploration program aimed at identifying kimberlite targets on CMKM's mineral claims at Fort a la Corne, Saskatchewan has now been established. Dr. Mark Hutchison, Casavant Mining's senior project geologist, recently spent two weeks in the field delineating targets and liaising with ground crews and local facility providers. Management can report that suitable ground crews have now been retained by the company and are currently operational.
At this stage, priority has been given to a core block of approximately 192,315 acres of approximately 609,361 acres of CMKM's mineral claims which lie most contiguously with known diamondiferous kimberlites owned by other operators in the Fort a la Corne region. Although this is only a small percentage of this core block, within this land some 30 targets have been identified by Hutchison from regional aeromagnetic data provided by the Canadian Geological Survey and from low-level, high-resolution data collected by private enterprise using certain criteria known for locating kimberlite bodies. Amongst these targets, five locations have been identified as being of highest priority and will receive first attention initially from ground magnetic survey crews. This is the beginning of a series of reports expected by management from the initial review of data currently available and there is still further review necessary of new airborne aeromagnetic survey as it becomes available for locating targets in this entire core block of approximately 192,315 acres.
It is anticipated that given positive findings from detailed ground magnetic and gravimetric surveying, drilling will be implemented shortly thereafter. Steps have already been taken to retain the services of drilling service providers and Hutchison took time to review the services available from mineral separation contractors who would process drill core for diamonds and related minerals. It is anticipated that to minimize transportation costs, a local contractor will be used for this process, with final geochemical analysis being undertaken in one of a number of internationally recognized laboratories under Hutchison's supervision.
Project scientists are currently active in delineating targets on all of CMKM's claims and management also plans to continue to expand targets by use of airborne electromagnetic surveying under the supervision of project geophysicist Dr. Jovan Silic. Management is satisfied that technical expertise essential for a successful exploration project has now been established and is confident that exploration goals are achievable in a suitable timeframe.
There is no guarantee, however, that the possible targets are in fact kimberlites, or if identified as kimberlites will contain any diamonds.
Mark Hutchison, Ph.D., graduated from the University of Edinburgh with a Bachelor of Science honors in geology in 1993. For the past 10 years Hutchison has been working on diamond research and has in-depth knowledge of diamonds from a number of worldwide localities, having completed his Ph.D. on the subject in 1997. Doctorate in mantle geochemistry and diamond geology from the University of Edinburgh in 1998. Credited and widely published for the discovery of two new minerals in scientific literature. Worked as a research associate for two years (1998-2000) at the University of Arizona's lunar and planetary laboratory with support from the U.S. National Science Foundation and NASA.
Hutchison has been an invited lecturer on deep mantle diamonds at several institutions, has served as a chair for the American Geophysical Union and holds a position of honorary associate of the University of Sydney. Through his research he has developed models for prospecting for diamonds in non-classical settings particularly useful to Brazil, Australia and Canada. Hutchison has worked closely with Casavant Mining as a consultant since inception and is a candidate for the board.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined by Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and section 21E of the Securities Act of 1934 as amended (the "Exchange Act"). All statements that are included in the press release other than statements of historical fact are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
COPYRIGHT 2003 Business Wire
COPYRIGHT 2003 Gale Group
Business Wire, April 21, 2003
Business Editors
LAS VEGAS--(BUSINESS WIRE)--April 21, 2003
Casavant Mining Kimberlite International, Las Vegas (OTCBB:CMKM), management is pleased to announce that an exploration program aimed at identifying kimberlite targets on CMKM's mineral claims at Fort a la Corne, Saskatchewan has now been established. Dr. Mark Hutchison, Casavant Mining's senior project geologist, recently spent two weeks in the field delineating targets and liaising with ground crews and local facility providers. Management can report that suitable ground crews have now been retained by the company and are currently operational.
At this stage, priority has been given to a core block of approximately 192,315 acres of approximately 609,361 acres of CMKM's mineral claims which lie most contiguously with known diamondiferous kimberlites owned by other operators in the Fort a la Corne region. Although this is only a small percentage of this core block, within this land some 30 targets have been identified by Hutchison from regional aeromagnetic data provided by the Canadian Geological Survey and from low-level, high-resolution data collected by private enterprise using certain criteria known for locating kimberlite bodies. Amongst these targets, five locations have been identified as being of highest priority and will receive first attention initially from ground magnetic survey crews. This is the beginning of a series of reports expected by management from the initial review of data currently available and there is still further review necessary of new airborne aeromagnetic survey as it becomes available for locating targets in this entire core block of approximately 192,315 acres.
It is anticipated that given positive findings from detailed ground magnetic and gravimetric surveying, drilling will be implemented shortly thereafter. Steps have already been taken to retain the services of drilling service providers and Hutchison took time to review the services available from mineral separation contractors who would process drill core for diamonds and related minerals. It is anticipated that to minimize transportation costs, a local contractor will be used for this process, with final geochemical analysis being undertaken in one of a number of internationally recognized laboratories under Hutchison's supervision.
Project scientists are currently active in delineating targets on all of CMKM's claims and management also plans to continue to expand targets by use of airborne electromagnetic surveying under the supervision of project geophysicist Dr. Jovan Silic. Management is satisfied that technical expertise essential for a successful exploration project has now been established and is confident that exploration goals are achievable in a suitable timeframe.
There is no guarantee, however, that the possible targets are in fact kimberlites, or if identified as kimberlites will contain any diamonds.
Mark Hutchison, Ph.D., graduated from the University of Edinburgh with a Bachelor of Science honors in geology in 1993. For the past 10 years Hutchison has been working on diamond research and has in-depth knowledge of diamonds from a number of worldwide localities, having completed his Ph.D. on the subject in 1997. Doctorate in mantle geochemistry and diamond geology from the University of Edinburgh in 1998. Credited and widely published for the discovery of two new minerals in scientific literature. Worked as a research associate for two years (1998-2000) at the University of Arizona's lunar and planetary laboratory with support from the U.S. National Science Foundation and NASA.
Hutchison has been an invited lecturer on deep mantle diamonds at several institutions, has served as a chair for the American Geophysical Union and holds a position of honorary associate of the University of Sydney. Through his research he has developed models for prospecting for diamonds in non-classical settings particularly useful to Brazil, Australia and Canada. Hutchison has worked closely with Casavant Mining as a consultant since inception and is a candidate for the board.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined by Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and section 21E of the Securities Act of 1934 as amended (the "Exchange Act"). All statements that are included in the press release other than statements of historical fact are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
COPYRIGHT 2003 Business Wire
COPYRIGHT 2003 Gale Group
